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Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Reclaims $4,735, Silver Hits $80 — Next Breakout?

By FXEmpire May 07, 2026 Neutral
Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Reclaims $4,735, Silver Hits $80 — Next Breakout?
Gold and silver held steady as the month-old US-Iran ceasefire continues to ease geopolitical fears and tanker traffic resumes through the Strait of Hormuz. Central bank buying, especially from China, remains a key support.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLSILSILJSIVRSLVSLVPUGL
Gold and silver held steady as the month-old US-Iran ceasefire continues to ease geopolitical fears and tanker traffic resumes through the Strait of Hormuz. Central bank buying, especially from China, remains a key support.